Corporate news

In this Feb. 27, 2014, photo, then-MRI International Inc. President Edwin Fujinaga is asked for comments by the media upon arrival at Federal Court in Las Vegas. Fujinaga, former head of the Las Vegas and Tokyo investment firm, is due to face a federal judge in Nevada on Thursday, May 23, 2019, after a jury found him guilty in November in a fraud case that prosecutors rank with the nation’s largest-ever, including Bernard Madoff. (Kyodo News via AP)
May 23, 2019 - 7:07 pm
LAS VEGAS (AP) — The former head of a Tokyo and Las Vegas investment firm was sentenced Thursday to 50 years in prison for bilking thousands of Japanese victims in what prosecutors called a $1.5 billion international Ponzi scheme that ranks among the largest-ever fraud cases in the U.S. Defendant...
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FILE - In this May 17, 2019, file photo trader Robert Charmak works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, May 23. (AP Photo/Richard Drew, File)
May 23, 2019 - 4:58 pm
Heightened worries that the U.S. and China are headed for a long standoff in their costly trade dispute put investors in a selling mood Thursday. Stocks ended sharply lower on Wall Street in a broad sell-off that left the benchmark S&P 500 index on track for its third straight weekly loss and...
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May 23, 2019 - 10:42 am
LAS VEGAS (AP) — A company backed by tech billionaire Elon Musk has been granted a nearly $49 million contract to build a transit system using self-driving vehicles underneath the Las Vegas Convention Center. The board of directors of the Las Vegas Convention and Visitors Authority approved the...
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CEO of Deutsche Bank Christian Sewing speaks during the annual shareholders meeting in Frankfurt, Germany, Thursday, May 23, 2019. (AP Photo/Michael Probst)
May 23, 2019 - 6:40 am
FRANKFURT, Germany (AP) — The CEO of Deutsche Bank says he is ready to make "tough cuts" to improve the struggling bank's profitability and raise a "disappointing" share price as negative headlines continue to pursue Germany's biggest bank. Christian Sewing made the remarks Thursday in front of...
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May 23, 2019 - 6:02 am
BERLIN (AP) — German prosecutors have fined auto components and technology company Robert Bosch GmbH 90 million euros ($100 million) over its role in the diesel emissions scandal that erupted at Volkswagen in 2015. Prosecutors in Stuttgart said Wednesday that Bosch was fined for a negligent...
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FILE - In this March 6, 2019 photo, Michael Cohen, President Donald Trump's former personal lawyer departs the Capitol in Washington. Prosecutors aren’t quite finished investigating campaign finance violations by Cohen. A federal judge in New York agreed Tuesday, May 21 to keep search warrant materials related to the investigation under seal until at least mid-July after prosecutors submitted a letter explaining that the probe is still ongoing. Cohen is serving a three-year prison sentence after admitting paying off two women who claimed they had affairs with Trump. (AP Photo/J. Scott Applewhite, File)
May 22, 2019 - 8:35 pm
WASHINGTON (AP) — It was Michael Cohen's numerous contacts with a Russia-linked company and a sudden flow of foreign money into a bank account he controlled that led federal investigators to look into whether the money might be part of a plan to lift U.S. sanctions on Russia, according to court...
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FILE - In this Dec. 16, 2017, file photo provided by the Santa Barbara County Fire Department, flames burn near power lines in Sycamore Canyon near West Mountain Drive in Montecito, Calif. Pacific Gas & Electric Corp. has received approval to establish a $105 million fund to help survivors of recent California wildfires started by the utility's power lines. A federal judge overseeing PG&E's bankruptcy case approved the utility's "wildfire assistance program" on Wednesday, May 22, 2019. (Mike Eliason/Santa Barbara County Fire Department via AP, File)
May 22, 2019 - 7:53 pm
SAN FRANCISCO (AP) — Pacific Gas & Electric Corp. received approval Wednesday to establish a $105 million fund to help survivors of recent California wildfires started by the utility's equipment. A federal judge overseeing PG&E's bankruptcy case approved the utility's wildfire assistance...
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May 22, 2019 - 7:34 pm
READING, Pa. (AP) — A federal bankruptcy judge on Wednesday approved the sale of the 150-year-old Reading Eagle to a publisher known for its aggressive cost-cutting. MediaNews Group, better known as Digital First Media, offered $5 million for the assets of the Reading Eagle Co., which filed for...
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FILE - This combination of Sept. 27, 2012, file photos, show Jay Peak Resort co-owner Ariel Quiros, left, and Jay Peak Resort co-owner and CEO Bill Stenger at a news conference in Newport, Vt.  Fraud charges were filed Wednesday, May 22, 2019, against former Jay Peak owner Ariel Quiros, of Florida, and former president, William Stenger, of Newport. The pair are accused in a multimillion-dollar fraud case on multiple federal charges over a failed plan to build a biotech facility using foreign investors' money. (Robin Smith/Caledonian-Record via AP, File)
May 22, 2019 - 4:44 pm
BURLINGTON, Vt. (AP) — The former owner and former president of a Vermont ski resort accused in a multimillion-dollar fraud case have been indicted on federal charges unsealed Wednesday over a failed plan to build a biotechnology plant using foreign investors' money. The charges are against Jay...
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May 22, 2019 - 4:05 pm
NEW YORK (AP) — The Latest on President Donald Trump's efforts to block congressional subpoenas seeking records from his banks (all times local): 4 p.m. A federal judge in New York is refusing to block congressional subpoenas seeking financial records from two banks that did business with President...
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